Sentences with phrase «involve dual agency»

Another problem cited by the report is the increasing number of errors and omissions claims that involve dual agency situations.

Recently it was announced, at the 5th Annual General Meeting of the Real Estate Council of Ontario, that more than 70 per cent of the claims paid out from the province ‑ wide errors and omissions insurance fund involved dual agency.

Mr. Forster wrote: «Recently it was announced, at the 5th Annual General Meeting of the Real Estate Council of Ontario, that more than 70 per cent of the claims paid out from the province wide errors and omissions insurance fund involved dual agency.»

Mr. Silverstein went on to say that, «Claims are most frequently reported by Listing Brokers, and that claims involving dual agency have the highest average claims payments and reserves.»

Not exact matches

(the same survey showed of those sellers involved in a brokerage owning more than one location, 94 % were not told about the other offices also caused dual agency) 3) Inadequate Dual Agency Disclosure pre-Buyer Agency Agreement signdual agency) 3) Inadequate Dual Agency Disclosure pre-Buyer Agency Agreement siagency) 3) Inadequate Dual Agency Disclosure pre-Buyer Agency Agreement signDual Agency Disclosure pre-Buyer Agency Agreement siAgency Disclosure pre-Buyer Agency Agreement siAgency Agreement signing.

Conflicts may arise if buyers refuse dual agency or the nature of dual agency is not clear to all parties involved.

Intelligent and experienced Realtors know when dual agency can create problems, and they understand the necessary measures to take which might include getting the lawyers more involved or simply stepping back from either the buyer or the seller.

I wish someone would / could explain what kind of model would sustain itself without dual agency being involved.

Also very few agents get overly involved in explaining «dual agency» to their buyers and generally have the buyers agree to their being represented in a dual agency situation on signing a BRA contract rather than at the time of the conflict..

Certainly the seller very likely does not entertain the concept that right there at the beginning of the process, dual agency has become involved — right from the get - go.

If limited dual agency was a problem, we'd see most complaints arise from situations involving limited dual agency; but we don't.

An important distinction between limited dual agency that arises in brokerage agency as compared to limited dual agency that arises in designated agency is that under brokerage agency dual agency occurs in «in - house» transactions involving more than one licensee.

Consequently, whether a dual agency trade involves one licensee or more than one licensee related to the same brokerage, the remuneration to be disclosed is the total remuneration to be earned by the brokerage.

Dual agency occurs when the brokerage firm represents the buyer and seller on the same transaction (even if different agents are involved).

Consider that dual agency is illegal for all other professions and that the conflicts of interests are so severe that common - law often presumes that dual agency involves fraud.

The court affirmed the appellate court's opinion by holding that, pursuant to that statute, each of the salespeople involved in a dual agency transaction owe fiduciary duties to both the buyer and the seller.

Further, even though it was not pertinent to the question of dual agency, because it involved another property, the court observed that the brokerage's contact with Lindholm regarding the Rickstrew ranch was ministerial and was done in furtherance of the sale of the Olsen ranch, for Vail Associates knew that Lindholm would not purchase the Olsen ranch if he could not also Purchase the Rickstrew ranch.

One of the most important remedies often available to victims of undisclosed dual agency is rescission of the contract — because dual agency transactions rarely involve an arms - length transaction.

On Tuesday, HUD announced that is was banning dual agency on short sale transactions (transactions involving distressed homeowners) in order to help achieve its goal of an «arms - length transaction.»

Dave as I stated in my previous post to you, it is of crucial importance that when an agent is involved in a dual agency role that the following be strictly applied:» The important thing in a dual transaction is that the property is sold at current market value.

As of Jan. 1, 2015, the duty of a real estate agent to disclose in writing his or her representation of a buyer, seller, tenant and / or landlord, including any dual agency relationship, in residential real property transactions extended to transactions involving commercial real property.